NOT LISTED FOR SALE

2526 W Ocotillo Rd Phoenix, AZ 85017

Grandview Neighborhood

Estimated Value: $492,019 - $636,000

-- Bed
-- Bath
2,330 Sq Ft
$235/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $520,000 $223 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,194/month

5 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Washington High School Rated A-
  • Carpet

About This Home

As of January 2022

Two on Ocotillo is located near I17 and Grand Canyon University. Both units are 3 bedroom 2 bath units. Both have a large private yard in back Newer construction perfect for a first time investor or owner occupied. Seller just painted building and one unit B is vacant is rent ready. Unit A month to month at $790. Current owner does not have financials. Market rents are $1,300 to $1,500 per unit. Tenants pay for own water sewer and trash. Self managed to family and friends currently. Drive by only tenants are unaware of sale. All facts and figures are approximate buyer verify MLS information.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 12/11/2021

Co-Listed By

Michael Gordon

Grace CRE License #BR688636000

Last Buyer's Agent

Rachel Yusupova

HomeSmart License #SA550147000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,384

Year Built

  • Built in 2006

Lot Details

  • 7,013

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Washington High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, cable TV
  • Legal Lot and Block 17 / 2
  • Assessor Parcel Number 156-01-042-K

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7030
  • Krall's Homesites Subdivision

Building Details

  • Operating Expense $4,084
  • Gross Income $30,780
  • Net Operating Income $26,731

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,384

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Glendale & 27th Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-758-9981
  • Subdivision Name: KRALL'S HOMESITES
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks, Stucco
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Other
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 7030
  • Additional Parcels: No
  • Parcel #: 156-01-042-K

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 30780.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 26731.0
  • Annual Operating Expense: 4084.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1384.0
  • Tax Block: 2
  • Tax Book Number: 156.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Jan 25, 2022
Sold by
Druszcz Steven J
Bought by
Bakhshi Farshid
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Rachel Yusupova
HomeSmart
List Price
$495,000
Sold Price
$520,000
Premium/Discount to List
$25,000
5.05%
Total Days on Market
5
Current Estimated Value
$547,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,505
Avg. Annual Appreciation
1.55%
Original Mortgage
$416,000
Outstanding Balance
$389,521
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$157,984

Purchase Details

Closed on
Jul 6, 2010
Sold by
Druszcz Jeanine
Bought by
Druszcz Steven J

Purchase Details

Closed on
Jul 1, 2010
Sold by
Federal National Mortgage Association
Bought by
Druszcz Steven J

Purchase Details

Closed on
Feb 2, 2010
Sold by
Samardzija Zelimir and Samardzija Biljana
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 17, 2007
Sold by
Rogers Jesse N
Bought by
Samardzija Zelimir and Samardzija Biljana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,400
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2006
Sold by
Rogers Jesse N
Bought by
City Of Phoenix

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,400
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2006
Sold by
Rogers Jesse N
Bought by
Rogers Jesse N

Purchase Details

Closed on
Dec 7, 2005
Sold by
2004 Duplex Llc
Bought by
Rogers Jesse N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bakhshi Farshid $520,000 Chicago Title
Druszcz Steven J -- Guaranty Title Agency
Druszcz Steven J $100,001 Guaranty Title Agency
Federal National Mortgage Association $198,341 First American Title
Samardzija Zelimir $261,600 Fidelity National Title
City Of Phoenix -- None Available
Rogers Jesse N -- None Available
Rogers Jesse N $250,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakhshi Farshid $416,000
Previous Owner Samardzija Zelimir $235,400
Previous Owner Rogers Jesse N $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $520,000 +5.1% $223 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $495,000 -- $212 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,438 $11,759 -- --
2024 $1,412 $11,199 -- --
2023 $1,412 $31,350 $6,270 $25,080
2022 $1,366 $23,700 $4,740 $18,960
2021 $1,384 $21,270 $4,250 $17,020
2020 $1,349 $19,050 $3,810 $15,240
2019 $1,324 $16,430 $3,280 $13,150
2018 $1,290 $15,210 $3,040 $12,170
2017 $1,283 $12,960 $2,590 $10,370
2016 $1,260 $10,810 $2,160 $8,650
2015 $1,167 $9,350 $1,870 $7,480
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2022

    Sophia Baron

    Grace CRE

    (480) 375-0227

    2 in this area

    98 Total Sales

    Sophia Baron
    Section Image
  • Michael Gordon

    Seller Co-Listing Agent in 2022

    Michael Gordon

    Grace CRE

    (858) 774-6058

    1 in this area

    73 Total Sales

    Michael Gordon
    Section Image
  • Rachel Yusupova

    Buyer's Agent in 2022

    Rachel Yusupova

    HomeSmart

    (602) 741-4343

    4 in this area

    98 Total Sales

    Rachel Yusupova
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6330981

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-01-042K

Arizona Maricopa County Phoenix 85017 Grandview

2526 W Ocotillo Rd, Phoenix, AZ

This home is located at 2526 W Ocotillo Rd, Phoenix, AZ 85017 since 11 December 2021 and is currently estimated at $547,505, approximately $234 per square foot. This property was built in 2006. 2526 W Ocotillo Rd is a home located in Maricopa County with nearby schools including Washington Elementary School, Palo Verde Middle School, and Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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